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Why Do You Need My Social Security Number?

Due and our banking partners use your social security number (“SSN”) as part of its identity verification program.

Due verifies the identity of each user of the Due service in order to manage risk and to comply with anti-money laundering laws. If you are an individual or sole proprietor, Due will also use your SSN for any required tax reporting.

If you are acting on behalf of a corporation or other organization with an Employer Identification Number (“EIN”), Due will use the EIN for any required tax reporting instead. Check out our article on 1099-K reporting for more detailed information.

Even if you are acting on behalf of an entity with an EIN, Due requires your SSN so that Due can verify who you are and that you are authorized to act on behalf of the entity. All of the information you enter on Due is kept safe by our bank-level security measures.

You can read more about the security Due offers here.

Due Fact-Checking Standards and Processes

To ensure we’re putting out the highest content standards, we sought out the help of certified financial experts and accredited individuals to verify our advice. We also rely on them for the most up to date information and data to make sure our in-depth research has the facts right, for today… Not yesterday. Our financial expert review board allows our readers to not only trust the information they are reading but to act on it as well. Most of our authors are CFP (Certified Financial Planners) or CRPC (Chartered Retirement Planning Counselor) certified and all have college degrees. Learn more about annuities, retirement advice and take the correct steps towards financial freedom and knowing exactly where you stand today. Learn everything about our top-notch financial expert reviews below… Learn More